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Asia energy firms hit by oil price dive, Dollar falls


HONG KONG (AFP) – Energy firms sank in Asian trade on Tuesday as oil prices extended the previous day s sharp losses on profit-taking and fresh worries about a global oversupply. Even a fall in the dollar, which usually makes crude cheaper, was unable to stop the slide in the …

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Tokyo shares retreat by break on weak oil


TOKYO (AFP) – Tokyo shares slipped Tuesday morning after two sessions of gains, with energy firms hit by a a drop in oil prices and low-volume trading. The benchmark Nikkei 225 index retreated 0.22 percent, or 37.17 points, to 16,561.02 by the break, while the broader Topix index of all …

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Dollar stays weak after comments by Fed’s Fischer


NEW YORK (AFP) – The dollar remained at the low end of its recent range Monday as foreign exchange traders remained cautious despite somewhat hawkish weekend remarks by Federal Reserve Vice Chair Stanley Fischer. At 2100 GMT, the dollar was virtually unchanged from late Friday at $1.1322 per euro and …

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Dollar slips as market discounts US rate hike


TOKYO (AFP) – The dollar broadly weakened Tuesday as traders awaited a speech by Federal Reserve chief Janet Yellen, which they hope will offer fresh clues about US monetary policy. The greenback has been see-sawing as divergent views from Fed officials keep markets guessing about the timing of a possible …

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Pakistan prepares its second LNG import terminal


(Reuters) – Pakistan is taking another step towards becoming a key buyer of liquefied natural gas (LNG), signing a deal to purchase a Floating Storage and Regasification Unit (FSRU) for its second import terminal. Singapore’s BW Group said in a statement on Monday that it would deliver the FSRU to …

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Curfew, curbs continue in held Kashmir as death toll rises to 83


SRINAGAR (Web Desk / AFP) – In occupied Kashmir, a teenage boy was killed after he was hit by a tear smoke shell fired by Indian troops in Srinagar, bringing the death toll to 83 during the ongoing Intifada in the territory. The 17-year-old Irfan Ahmad from Fateh Kadal area …

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Iraq forces launch push to retake town south of Mosul


KIRKUK, Iraq (AFP) – Iraqi special forces led an operation on Tuesday aimed at retaking the militant-held town of Qayyarah, a key staging base for operations to attack Mosul, military sources said. Qayyarah lies on the western bank of the Tigris river, about 60 kilometres (35 miles) south of Mosul, …

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Flooding in Indian holy city halts cremations


LUCKNOW, India (AFP) – India’s holy city of Varanasi has been forced to halt cremations along the banks of the sacred river Ganges as deadly floods from monsoon rains hit parts of the country, an official said Tuesday. More than 100,000 people have been forced from their homes in recent …

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Pakistan is witnessing remarkable economic turnaround: PM Nawaz

Prime Minister Nawaz Sharif on Tuesday said that Pakistan has developed a lot after impressive economic turnaround. Talking to a ceremony regarding sales and tax refund in Islamabad, PM Nawaz said Pakistan will become more developed after trade and industry boost while the power outage would also be eliminated till …

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Afghans push India for more arms, despite Pakistan’s wary eye


NEW DELHI (Reuters) – India is set to deliver more arms to Afghanistan to help it fight militants, Kabul’s envoy to New Delhi said, even if Pakistan is wary of closer military cooperation between countries lying to its east and west. India has provided a little over $2 billion in …

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